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898 2550 Spanish Fork, UT 84660

OFF-MARKET Retail properties & Spaces Google Maps
62,735 SF 0.56 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Canyon Gate Shopping Center presents a unique investment opportunity in Spanish Fork, Utah. This single-story retail property, encompassing 62,735 square feet on a 0.56-acre lot, offers 24,394 square feet of net rentable space. Located at 898 S 2550 E St, Spanish Fork, UT 84660, the center benefits from a highly desirable location, boasting an average daily traffic count of 24,000 vehicles. Its strategic placement on Highway 6 makes it the last or first stop for travelers heading to popular destinations such as Moab, Arches National Park, Canyonlands National Park, and Lake Powell. The property's proximity to a Walmart Fuel Center (one of over 450 nationwide) and the new Maple Mountain High School (with 1,600 students) only one mile away further enhances its appeal. This high-growth area offers significant potential for future development and increased profitability. The asking price is $575,000, translating to $23.57 per square foot. This retail land presents a compelling investment opportunity in a thriving Utah County community. The property is ideally suited for a variety of retail uses and benefits from its high visibility and convenient access.

Property profile

Verified
Property type Retail properties & Spaces
Total area 62,735 SF
Lot 0.56 ac (24,394 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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